Daily Trading Analysis 29.04.2021

Technical & Fundamental analysis

Trading Analysis of EUR/USD According to Reuters, ECB head C. Lagarde said today that it is too early to say that the worst economic effects of the coronavirus crisis are behind us: Downside risks remain; There is light at the end of the tunnel, as vaccination is gaining momentum; By the end of June, 70% of the eurozone population should have completed the first round of vaccinations; We may see a robust economic recovery in the 2nd half of the year. Our Analysis: Provided that the currency pair is traded above 1.2100, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.2135 Take Profit 1: 1.2155 Take Profit 2: 1.2180 Alternative scenario: In case of breakdown of the level 1.2100, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.2100 Take Profit 1: 1.2080 Take Profit 2: 1.2055 Learn More Trading Analysis of S&P 500 Index Alphabet (NASDAQ: GOOGL) shares rallied after strong reporting pushed the S&P 500 Index to a record high and supported the Nasdaq Index. Shares of Google Alphabet Inc rose 5.4% after reporting record second consecutive quarter earnings and announcing a $50 billion share buyback. Our Analysis: Provided that the index is traded above 4167.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 4186.00 Take Profit 1: 4209.50 Take Profit 2: 4225.00 Alternative scenario: In case of breakdown of the level 4167.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 4167.00   Take Profit 1: 4155.00 Take Profit 2: 4118.00 Learn More Fundamental Trading Analysis of American Express American Express, the elite card company, has fallen on hard times after a coronavirus outbreak. Its stock fell on its Q1 earnings report after it missed the analysts` revenue forecast, but there were signs of a return to growth.  Our Analysis: While the price is above 143.90, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 150.36 Take Profit 1: 158.30 Take Profit 2: 162.00 Alternative scenario: If the level 143.90 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 143.90  Take Profit 1: 137.80 Take Profit 2: 134.10 Learn More ‌ ‌ ‌ Risk Warning: Forex and CFD trading carry a high degree of risk. As such they may not be suitable for all investors. Investors should ensure they fully understand the risks associated with CFD trading before deciding to trade. Investors may choose to seek independent advice and should not risk more than they are prepared to lose.

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